[yzhengyu]

I think no one has issues with say, the German subsidiary holding onto profits generated in Germany.

The primary observation now is large corporations channeling their reserves and holding them in various locations that is friendly to capital - i.e. no taxes or other costs in simply holding large amounts of cash in reserve.

I think at this stage of global economic development, it is an issue the world has to face. How in the world are you going to incentivise these entities holding all these vast amounts of capital to put this capital to real wealth generating activities instead of sitting on it or leaving it to the financial sector to push it around?